Strike's luck changes with second commercial Texas well

AFTER a run of dusters since listing, Strike Oil may have turned the corner with two consecutive gas finds in Texas.
Strike's luck changes with second commercial Texas well Strike's luck changes with second commercial Texas well Strike's luck changes with second commercial Texas well Strike's luck changes with second commercial Texas well Strike's luck changes with second commercial Texas well

The Webernick-1 well in the Mesquite A Prospect, Gulf Coast, Texas will be completed for production, based on positive gas, mud and petrophysical logs, and comparisons with nearby wells, according to partner Strike Oil.

The operator, Cypress E&P Corporation, is currently conditioning the well before running production casing.

Flow-testing to confirm commerciability is expected to begin early next month when appropriate equipment arrives, Strike said.

On Wednesday, Strike announced that extensive gas shows were recorded at Webernick-1, which reached a total depth of 3,719 metres. The company said the gas shows encountered in the primary objective Wilcox Formation sands were comparable to those recorded in the Shefcik-1, on the neighbouring Mesquite A Prospect in Jackson County.

Perforating, fraccing and production testing is currently underway at the Shefcik-1 well.

Three separate potential gas intervals are planned for production testing, Strike said.

Strike holds a 26.25% interest in Webernick-1 and Shefcik-1, with Cypress E&P Corporation as well operator.

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